Hackethal, Andreas R.; Tyrell, Marcel - Universität <Frankfurt, Main> / Fachbereich … - 1998
running the firm, and the bankruptcy law. Aspecific configuration of these elements constitutes one financial system ….The bankruptcy law and the potential private benefits are treated as exogenous. Theydetermine the bargaining power of the contracting … bankruptcy law and demonstrates that equilibriaexhibit the sought-after feature of complementarity. Three particularly …